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Overview

The Fund seeks growth of capital by investing at least 80% of its net assets (plus borrowings for investment purposes) in the equity securities of robotic Actuator companies or instruments that provide economic exposure to such securities, including swaps and options. The Fund defines “Actuator” companies that derive at least 50% of their annual revenues, gross profits, or revenue growth contribution from the development, manufacturing, or sale of one or more of the following precision motion and actuation products:

  • Precision transmission and linear motion components, including harmonic (strain-wave) reducers, cycloidal (RV) reducers, planetary gearboxes, micro gear motors, and precision transmission mechanisms, together with ball screws, planetary roller screws, linear guides, linear motors, and linear actuators used in robotic joints, dexterous manipulation, and precision automation.
  • Servo motors, drives, and power electronics, including frameless torque motors, brushless DC (“BLDC”) motors, hollow-cup motors, and stepper motors, together with their associated servo drives and amplifiers, and the power semiconductors that enable them—silicon MOSFETs, IGBTs, and wide-bandgap (silicon carbide and gallium nitride) power devices, gate drivers, motor-control MCUs and DSPs, and dedicated motion-control ASICs and SoCs used in closed-loop motion control.
  • Integrated joint modules and smart actuators, comprising motor, reducer, encoder, brake, driver, and/or thermal management subsystems packaged as a single robotic joint execution unit, including electromechanical assemblies for robotic hands and fine-motion manipulation.
  • Sensing, feedback, and motion-control systems, including absolute and incremental optical encoders, magnetic encoders, resolvers, single-axis torque sensors, and six-axis force-torque sensors used for closed-loop position sensing, compliant control, and dexterous manipulation, together with the servo-tuning algorithms, joint calibration, and embedded firmware that govern actuator performance.
  • Precision bearings, manufacturing, and metrology equipment, including cross-roller, thin-section, and angular-contact bearings used in reducers and joint modules, together with gear-grinding and gear-hobbing machine tools and the torque, life-cycle, and precision-measurement test systems used in the production and qualification of reducers, motors, and actuators.
  • Critical materials essential to the production of precision motors and actuators, including rare earth permanent magnets (such as sintered or bonded NdFeB magnets) and rare earth elements.

Subject to Completion: The information in this advertisement is not complete and may be changed. We may not sell securities until the registration statement filed with the Securities and Exchange Commission is effective. This advertisement is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Preliminary Prospectus

©2026 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017 [email protected]

The fund has filed a registration statement with the Securities and Exchange Commission but it is not yet effective. An investment in the fund cannot be made, nor money accepted, until the registration statement is effective. An investor should consider the investment objectives, risks, and charges and expenses of the fund before investing. A preliminary prospectus which contains this and other information about the fund may be obtained by visiting SEC.gov. The information in the preliminary prospectus is not complete and may be changed. The final prospectus should be read carefully before investing, and when available may be obtained from the same source. This communication is not an offer to sell fund shares and is not soliciting an offer to buy fund shares in any state where the offer or sale is not permitted.

The Fund is non-diversified.

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. The Chinese economy is an emerging market, vulnerable to domestic and regional economic and political changes, often showing more volatility than developed markets. Companies face risks from potential government interventions, and the export-driven economy is sensitive to downturns in key trading partners, impacting the Fund. U.S.-China tensions raise concerns over tariffs and trade restrictions, which could harm China’s exports and the Fund. China’s regulatory standards are less stringent than in the U.S., resulting in limited information about issuers. Tax laws are unclear and subject to change, potentially impacting the Fund and leading to unexpected liabilities for foreign investors. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values.

Narrowly focused investments typically exhibit higher volatility.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values.

Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values.

The Fund is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate which may cause the Fund to suffer losses.

The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. The Fund may invest in private companies. Private companies involve greater risks than investments in securities of companies that have traded publicly on an exchange for extended periods of time. Investments in these companies are generally less liquid than investments in securities issued by public companies and may be difficult for the Fund to value. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

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